2000 dr nw atkinson blvd, alice, texas % leased Newly Constructed Strip center

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1 Alice Phase Five 2000 dr nw atkinson blvd, alice, texas % leased Newly Constructed Strip center For more info on this opportunity please contact: JOHN ANDREINI (415) CA BRE# BOB SANNER (415) CA BRE# RICK SANNER (415) CA BRE# CHRIS KOSTANECKI (415) CA BRE# Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. In conjunction with TX Licensed Brokers: Brad and Gavin Kam, Net Realty Advisors

2 Investment Highlights Alice Shopping Center-Phase Five (FEE SIMPLE) Investment Highlights PRICE: $1,408,331 CAP: 7.5% RENTABLE SF.... 5,200 SF PRICE PER SF.... $ YEAR BUILT FULLY LEASED STRIP CENTER PAD TO WALMART SUPERCENTER IN BOOMING OIL AND GAS TOWN, WHICH DRAWS SHOPPERS FROM A 30-MILE POPULATION RADIUS OF 50,000 RESIDENTS INVESTMENT HIGHLIGHTS Excellent visibility, signage, and access Virtually no retail vacancy in this corridor In front of the only Walmart Supercenter in a 30-mile radius Jim Wells County (Alice is county seat) has had billions of dollars of investments being made by major corporations on energy infrastructure projects and supporting industries (see page 16 for more information) Growing community major public works projects, huge investments from blue chip oil companies, and many new businesses have recently come to town LEASE HIGHLIGHTS Reimbursement clauses for all costs repairs, maintenance, replacements (including roof & structure), management fees, common area maintenance, and all other standard operating costs Rents are at market or below market levels No co-tenancy clauses with the other tenant s in the strip center * CONTACT AGENT FOR LEASE ABSTRACTS ALICE PHASE FIVE 2

3 Regional Map Property Location Austin Houston ALICE SHOPPING CENTER ALICE DISTANCE SAN ANTONIO MI AUSTIN MI HOUSTON MI ALICE PHASE FIVE 3

4 Alice Shopping Center Phase Five BUS ias H urr Falf S Texa s Boule vard 281 ay ighw LA VILLITA Saenz Elementary W Front Street Alice High School PHASE FIVE E in Ma Noonan Elementary William Adams Middle School eet Memorial Intermediate Str SAGEWOOD MALL Alice Christian School ALICE COUNTRY CLUB ALICE MUNICIPAL GOLF N John son Str eet D N Texa s Boule vard 00,8 19 Dubose Intermediate School LY AI BUS 281 CORPUS CHRISTI ALICE PHASE FIVE 4

5 Rent Roll Alice Shopping Center-Phase Five Actual Rent Tenant Sq. Ft. Percent of GLA Lease Start Lease Expiration Monthly Base Rent Monthly Rent/SF Annual Rent/SF Annual Rent COTTONWOOD FINANCIAL (The Cash Store) 1, % 10/1/ /31/2015 $3,333 $2.08 $25.00 $40,000 10/1/ /1/2019 $3,667 $2.29 $27.50 $44,000 Option 1 10/1/ /1/2024 $4,033 $2.52 $30.25 $48,400 Option 2 10/1/ /1/2029 $4,437 $2.77 $33.28 $53,248 Option 3 10/1/ /1/2034 $4,881 $3.05 $36.61 $58,576 Option 4 10/1/ /1/2039 $5,369 $3.36 $40.27 $64,432 GNC 1, % 10/1/ /1/2018 $2,667 $1.67 $20.00 $32,000 Option 1 10/1/ /1/2023 $2,947 $1.84 $22.10 $35,360 Option 2 10/1/ /1/2028 $3,255 $2.03 $24.41 $39,056 LIQUOR STORE 2, % 11/1/ /1/2018 $2,833 $1.42 $17.00 $34,000 Option 1 11/1/ /1/2023 $3,167 $1.58 $19.00 $38,000 Option 2 11/1/ /1/2028 $3,500 $1.75 $21.00 $42,000 Current Totals: 5, % Totals $8,833 $106,000 Occupied 5, % * Contact agent for lease abstracts. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. ALICE PHASE FIVE 5

6 Income & Expense Alice Shopping Center-Phase Five Price: $1,408,331 PROPOSED LOAN SCENARIO: Capitalization Rate: 7.50% Loan Amount $915,415 Price Per Square Foot: $ Interest Rate 4.25% Down Payment 35% $492,916 Amortization 25 Year Loan Amount 65% $915,415 Term 5 Total Leased (SF): % 5,200 Debt Service $59,510 Total Vacant (SF): 0.00% - Monthly Debt Service $4,959 Total Rentable Area (SF): 5,200 Pre-Tax Cash Flow $46,115 INCOME Per Square Foot Debt Coverage Ratio 1.77 Scheduled Rent $20.38 $106,000 Pre-Tax Leveraged Cash-on-cash Return 9.36% CAM Recovery $5.94 $30,880 Principal Paydown (Year 1) $21,011 ADJUSTED GROSS INCOME $136,880 Total Return $67,126 EXPENSES Per Square Foot Yield 13.62% ACTUAL CAM Expenses -$1.65 ($8,600) Insurance -$1.15 ($6,000) Taxes -$2.15 ($11,180) Property Management Fee (4%) ($5,475) TOTAL OPERATING EXPENSES -$4.96 ($31,255) NET OPERATING INCOME $105,625 CASH FLOW & DEBT SERVICE This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. ALICE PHASE FIVE 6

7 Area Plan Alice Shopping Center-Phase Five 100% LEASED RETAIL Phase five liquor store MONUMENT SIGNAGE 19,800 DAILY State Highway 44 ALICE PHASE FIVE 7

8 Photos REGIONAL HOSPITAL DIRECTLY ACROSS THE STREET AREA RETAIL - PACKED PARKING LOTS AREA RETAIL - FULLY STACKED DRIVE THRU S AREA RETAIL - PACKED PARKING LOTS ALICE PHASE FIVE 8

9 Tenants- Phase Five GNC GNC Holdings, Inc., headquartered in Pittsburgh, PA, is a leading global specialty retailer of health and wellness products, including vitamins, minerals, and herbal supplement products, sports nutrition products and diet products, and trades on the New York Stock Exchange under the symbol GNC. As of December 31, 2013, GNC has more than 8,500 locations, of which more than 6,300 retail locations are in the United States. This includes 1,012 franchise and 2,215 Rite Aid franchise store-within-a-store locations and franchise operations in more than 50 countries. Cash Store Cottonwood Financial is one of the largest privately held financial service providers in the retail consumer finance industry. We have over 330 company-owned locations, under our Cash Store brand, across the country. The company was named three times to the Inc list of America s fastest-growing private companies and five times to the Dallas 100 list of the fastest-growing private companies in North Texas. Cottonwood Financial has been profitable every year since inception and the company has zero debt. Cottonwoods growth is funded through internally generated capital and they plan to expand to 500 locations by the end of 2015 ALICE PHASE FIVE 9

10 Construction Details Interior Description ROOF Standing seam metal roof with 20 year warranty. FOUNDATION Concrete with reinforced footings 5 reinforced concrete slab. FRAMING WALLS Wood or Metal studs. Finished gypsum board, commercial plastics. EXTERIOR WALLS Storefront is insulated glass. Walls above storefront and endwalls are textured pre-fabricated panels. ELECTRICAL PLUMBING 208/120 volt 3 phase service Individual electric meter for each tenant space. Individual water meters provided for each tenant. HVAC FIRE PROTECTION Individual HVAC units sized per individual tenant requirements. Smoke alarms. AMERICANS WITH DISABILITIES Properties are ADA compliant. ALICE PHASE FIVE 10

11 Location & Demos JIM WELLS COUNTY OVERVIEW Alice is a city in Texas and the county seat of Jim Wells County, Texas. The City of Alice was known for its large cattle industry until the discovery of oil and petroleum. Today, Alice s economy is centered on the drilling industry with more than 100 different oil field companies located around the Alice area. Alice is called the Hub City due to its geographical location between Corpus Christi, McAllen, Laredo and San Antonio. Alice s location amongst these cities makes it an ideal center for distribution. Major Oil companies in Alice comprise of: Schlumberger, Halliburton, Baker Hughes, Inc., Weatherford International. Schlumberger (NYSE:SLB) is the world s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 123,000 people representing over 140 nationalities and working in more than 85 countries, Schlumberger provides the industry s widest range of products and services from exploration through production. Revenue from continuing operations was $45.27 billion in Alice serves as the headquarters for the Grey Wolf Drilling Company South Texas division. Grey Wolf International is part of the Precision Drilling family of companies, one of the largest oilfield service providers in North America, and by December 31, 2013, they employed approximately 67,000 employees. POPULATION 1-Mile 3-Mile 5-Mile ,053 21,707 23, ,015 21,725 23, ,124 22,111 24, HOUSEHOLD INCOMES 1-Mile 3-Mile 5-Mile Average $43,277 $46,635 $47,513 Median $28,892 $30,887 $31,976 TOP EMPLOYERS IN JIM WELLS COUNTY Employer Texas A & M University Schlumberger Oil Alice Regional Hospital Schlumberger Technologies ALICE PHASE FIVE 11

12 REPRESENTATIVE PHOTO A unique HUMAN RESULTS-DRIVEN client experience THE CAPITAL PACIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS [ ] For more info on this opportunity please contact: JOHN ANDREINI jandreini@capitalpacific.com (415) CA BRE# BOB SANNER bsanner@capitalpacific.com (415) CA BRE# RICK SANNER rsanner@capitalpacific.com (415) CA BRE# CHRIS KOSTANECKI ck@capitalpacific.com (415) CA BRE# Copyright 2014 [Capital Pacific Real Estate Brokerage Company] In conjunction with TX Licensed Brokers: Brad and Gavin Kam, Net Realty Advisors gavin@netrealtyadvisors.com

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